Cerity Partners LLC grew its holdings in shares of Comerica Incorporated (NYSE:CMA - Free Report) by 49.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 104,469 shares of the financial services provider's stock after acquiring an additional 34,374 shares during the quarter. Cerity Partners LLC owned about 0.08% of Comerica worth $6,426,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Wedmont Private Capital boosted its holdings in shares of Comerica by 2.4% in the fourth quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider's stock valued at $474,000 after acquiring an additional 186 shares in the last quarter. Blue Trust Inc. lifted its holdings in Comerica by 5.2% in the 4th quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider's stock valued at $242,000 after acquiring an additional 200 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Comerica by 36.7% during the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 221 shares in the last quarter. US Bancorp DE raised its holdings in shares of Comerica by 2.0% in the 4th quarter. US Bancorp DE now owns 11,823 shares of the financial services provider's stock worth $731,000 after purchasing an additional 227 shares in the last quarter. Finally, MCF Advisors LLC lifted its stake in Comerica by 56.3% during the fourth quarter. MCF Advisors LLC now owns 633 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 228 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CMA has been the topic of a number of recent analyst reports. Raymond James cut their price target on shares of Comerica from $72.00 to $67.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Robert W. Baird lifted their price target on Comerica from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Truist Financial upgraded Comerica to a "hold" rating in a research report on Monday, January 6th. Barclays upped their target price on Comerica from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Finally, Royal Bank of Canada lowered their price objective on shares of Comerica from $78.00 to $76.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Comerica presently has a consensus rating of "Hold" and an average price target of $68.16.
Read Our Latest Analysis on Comerica
Comerica Price Performance
NYSE:CMA traded up $0.75 during trading hours on Tuesday, reaching $52.95. The company had a trading volume of 1,769,708 shares, compared to its average volume of 2,204,207. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $60.03 and a two-hundred day moving average of $63.09. Comerica Incorporated has a one year low of $45.32 and a one year high of $73.45. The firm has a market capitalization of $6.95 billion, a PE ratio of 10.55 and a beta of 0.96.
Comerica (NYSE:CMA - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.05). Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current year.
Comerica Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Friday, March 14th. Comerica's dividend payout ratio is currently 56.57%.
Comerica Profile
(
Free Report)
Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.
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